Romania’s annual inflation at 5.65 pct in February after prices go up by 0.34 pct

Newsroom 12/03/2013 | 15:35

Consumer goods prices went up by 0.34 percent in February compared to the previous month, taking Romania’s annual inflation rate to 5.64 percent, down from last year’s high of 5.97 percent.

By comparison, consumer prices increased by 1.34 percent in the first month of the year compared to December 2012.

Food products were 0.3 percent more expensive in February m-o-m, while the prices of non-food products increased by 0.4 percent and those of services by 0.2 percent.

In the foods category most products reported price increases of less than 1 percentage point with the highest increases m-o-m reported by fresh and canned vegetables (+2.91 percent). Potatoes had the highest price increase (+3.98 percent).  Products such as vegetable oil, canned meat, cow milk, sugar and honey registered price decreased of less than 0.5 percent while eggs reported the highest decrease at 5.8 percent.

Fuels were more expensive by 1.3 percent last month, this being the highest price increase in the noon-foods category.

The National Bank of Romania estimates that the annual inflation rate will be between 5 and 6 percent in the first semester of this year but should decrease over the following six months to 3.5 percent.

Simona Bazavan

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